eToro Vs. Markets.com: Get Your Best Trading Platform With Complete Information
eToro offers an efficient trading platform to its traders along with providing them access to CopyTrading with eToro CopyPortfolios. The web-based trading platform and the mobile app are user-friendly which offer a variety of tools and charts. According to the eToro broker review, it enables its traders to trade in stocks, forex, ETFs, CFDs, and fractional shares. It doesn’t offer ISA and SIPP accounts, but it has many other advantages that you can check here.
Markets.com is a brokerage firm, which is listed on LSE (London Stock Exchange) and it is also a part of the FTSE 250 index. It allows its traders to enjoy Android and iOS compatibility along with a web-based trading platform at Markets.com. Among many benefits of Markets.com is the demo trading account with $10,000, real-time quotes, advanced charting capabilities, leveraged trading, 24/5 trading options, and zero commission.
Why Choose These Platforms:
eToro
Markets.com
eToro is a pioneer in social trading
It offers social trading
eToro is known for its charting tools
It allows trading in over 2000 items
eToro covers almost all the popular cryptocurrencies for trading
Markets.com offers a robust proprietary platform
Features:
eToro
Markets.com
Offered CFDs
1980
2179
Cryptocurrency Traded as Actual
No
Yes
Cryptocurrency Traded as CFD
Yes
Yes
Currency Pairs
47
57
Trading Services:
eToro
Markets.com
Alerts – Basic
Available
Unavailable
Virtual Trading (Demo)
Available
Available
Charting- Indicators/Studies (Total)
66
89
Watchlists- Total Fields
6
6
Charting – Trade From a Chart
Unavailable
Unavailable
Charting – Drawing Tools (Total)
13
4
Charting – Drawing Autosave
Available
Available
Order Types – Trailing Stop
Available
Available
Trading Platforms
eToro
Markets.com
Desktop Platform
Unavailable
Available
Web Platform
Available
Available
Proprietary Platform
Available
Available
Social Trading/CopyTrading
Available
Available
MetaTrader 4
Unavailable
Available
MetaTrader 5
Unavailable
Available
cTrader
Unavailable
Unavailable
Deposit And Withdrawal Methods
eToro
Markets.com
Minimum Initial Deposit
$200
$100
Visa/Mastercard (Credit/Debit)
Yes
Yes
Bank Wire (Deposit/Withdraw)
Yes
Yes
Skrill (Deposit/Withdraw)
Yes
Yes
PayPal (Deposit/Withdraw)
Yes
No
Trading Fees
eToro
Markets.com
Deposit Fees
No
No
Spread Costs
Spread Fee for Stocks is 0.09%
Yes And Variable
Transaction And Commission Fees
No
No
Overnight Fees
Yes
2.5% on CFDs
Currency Conversion Fees
0.5%
0.3% of currency conversion fee
Withdrawal Fees
$5 are charged every time a trader withdraw money
No
Inactivity Fees
$10 per month after 12 months of inactivity
$10/month if you don’t log in for 90 days
Pros And Cons
eToro
Markets.com
Pros
eToro offers CopyTrading
No commission
Easy to use
Allows trading in cryptocurrencies
Reliable broker
24/5 customer support through chat, phone, and email
A low limit on minimum withdrawal
100 indicators for technical analysis
Cons
Higher minimum deposits
Educational material could be better
Limited cryptocurrencies available
Fixed stop loss and profit contingency levels
Customer Support
eToro
Markets.com
Ticket system and live chat
Email, live chat but no call
Average responsiveness
Delayed response
Conclusion
After the broker comparison 2020, the features and tools offered by both the brokerage firms, we can say that eToro offers a better trading experience while Markets.com provides top-notch market research. eToro also provides better mobile trading apps in forex broker comparison to Markets.com.
